Withholding Tax Statements

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Withholding Tax Statements in Pakistan

Accurate preparation and filing of bi-annual withholding tax statements. We ensure timely deposits and full compliance for businesses acting as withholding agents.

Pakistan's withholding tax regime is one of the most extensive in the world, with over 40 different withholding provisions covering salary payments (Section 149), payments for goods (Section 153), services (Section 153), contracts (Section 153), property transactions (Section 236C/236K), banking transactions (Section 151), imports (Section 148), and numerous others.N As a prescribed person (company, AOP, or individual meeting the threshold), you are legally obligated to deduct the correct withholding tax rate at the time of payment, deposit it with FBR by the 7th of the following month, issue withholding tax certificates to payees, and file bi-annual withholding tax statements reporting all deductions.N Our service covers: accurate determination of applicable withholding rates (which differ for filers vs non-filers), preparation of monthly challan forms for tax deposit, issuance of withholding tax certificates (CPR statements), compilation and filing of bi-annual withholding statements through FBR IRIS, and reconciliation of total withholding deductions with bank deposits. We also handle requests for reduced withholding tax certificates under Section 159 for taxpayers who can demonstrate their income is subject to lower effective rates.N Errors in withholding tax statements are a common trigger for FBR audit proceedings - our multi-point verification process eliminates discrepancies between your withholding records and FBR's data.

Why This Matters

Failure to deduct or deposit withholding tax exposes the withholding agent to personal liability for the undeducted amount plus a default surcharge of KIBOR + 3%. Additionally, FBR treats withholding tax non-compliance as a priority audit trigger - businesses with discrepancies in withholding statements are significantly more likely to face full-scope tax audits. Accurate, timely statements eliminate these risks.

How It Works

We review your payment records to identify all transactions subject to withholding tax deductions

Correct withholding rates are applied based on payee's filer/non-filer status and transaction type

Monthly challans are prepared for timely deposit of deducted taxes with FBR

Withholding tax certificates (CPR statements) are issued to all payees

Bi-annual withholding statements are compiled, verified, and filed through FBR IRIS

Who This Service Is For

Companies and AOPs acting as prescribed withholding agents

Businesses making payments for goods, services, or contracts

Employers deducting salary withholding tax under Section 149

Property developers and real estate businesses handling Section 236C/236K deductions

Importers subject to withholding at the import stage under Section 148

Key Facts & Deadlines

Over 40 withholding tax provisions in the Income Tax Ordinance 2001
Monthly deposit deadline: 7th of the following month
Bi-annual statement filing required for all prescribed persons
Non-compliance triggers default surcharge of KIBOR + 3%

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Withholding Tax Statements Frequently Asked Questions

Withholding tax in Pakistan is a system where taxes are deducted at the source of payment by 'prescribed persons' (companies, AOPs, and certain individuals) under the Income Tax Ordinance 2001. It covers over 40 categories including: salary payments (Section 149), goods purchases (Section 153), service payments (Section 153), property transactions (Sections 236C/236K), banking transactions (Section 151), and imports (Section 148). The deducted tax is deposited with FBR and credited against the payee's final tax liability.

To check your Active Taxpayer List status: (1) Visit FBR's ATL portal at e.fbr.gov.pk/ATL, (2) Enter your CNIC (for individuals) or NTN (for companies), (3) The portal confirms whether you are on the current ATL. ATL status is updated twice yearly. If you have filed your return but don't appear on the ATL, you can apply for recovery by filing a complaint through FBR's taxpayer facilitation center.